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Company No: 08795969 (England and Wales)

ELITE SASE LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

ELITE SASE LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

ELITE SASE LIMITED

BALANCE SHEET

As at 31 July 2023
ELITE SASE LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 4 4
4 4
Current assets
Debtors 4 9 9
9 9
Creditors: amounts falling due within one year 5 ( 1) ( 1)
Net current assets 8 8
Total assets less current liabilities 12 12
Net assets 12 12
Capital and reserves
Called-up share capital 12 12
Total shareholders' funds 12 12

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Elite SASE Limited (registered number: 08795969) were approved and authorised for issue by the Director on 07 November 2023. They were signed on its behalf by:

Andrew Martin Rice
Director
ELITE SASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
ELITE SASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elite SASE Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 91-93 Sterte Avenue West, Poole, BH15 2AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 4 4

Investments in subsidiaries

2023
£
Cost
At 01 August 2022 4
At 31 July 2023 4
Carrying value at 31 July 2023 4
Carrying value at 31 July 2022 4

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.07.2023
Ownership
31.07.2022
Elite Fabrication and Welding Limited 91-93 Srete Avenue, Poole, Dorset, BH15 2AL Fabrication and welding 100 'A' Ordinary shares and 2 'B' Ordinary shares of 1p each and 2 'B' Ordinary shares of £1 each 100.00% 100.00%
Elite SASE Property Limited 91-93 Srete Avenue, Poole, Dorset, BH15 2AL Investment 1 Ordinary share of £1 100.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 9 9

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 1 1